Insider Selling: ACRES Commercial Realty (NYSE:ACR) Major Shareholder Sells 658 Shares of Stock

Key Points

• Eagle Point Credit Management, a major shareholder of ACRES Commercial Realty, sold 658 shares of stock at an average price of $22.52, totaling $14,818.16.
• Following the recent transactions, Eagle Point Credit Management's ownership in ACRES Commercial Realty decreased by 0.08%, holding 795,085 shares valued at approximately $17.9 million.
• Institutional investors now own 40.03% of ACRES Commercial Realty, with several increasing their stakes significantly, indicating rising interest in the company.

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 658 shares of ACRES Commercial Realty stock in a transaction on Friday, August 29th. The shares were sold at an average price of $22.52, for a total value of $14,818.16. Following the completion of the transaction, the insider directly owned 795,085 shares of the company's stock, valued at $17,905,314.20. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Eagle Point Credit Management also recently made the following trade(s):

• On Tuesday, September 2nd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.35, for a total transaction of $2,235.00.
• On Thursday, August 28th, Eagle Point Credit Management sold 323 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.35, for a total transaction of $7,219.05.
• On Wednesday, August 27th, Eagle Point Credit Management sold 1,349 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.35, for a total transaction of $30,150.15.
• On Tuesday, August 26th, Eagle Point Credit Management sold 850 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.35, for a total transaction of $18,997.50.
• On Monday, August 25th, Eagle Point Credit Management sold 744 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.30, for a total value of $16,591.20.
• On Thursday, August 21st, Eagle Point Credit Management sold 4,291 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.31, for a total value of $95,732.21.
• On Tuesday, August 19th, Eagle Point Credit Management sold 1,674 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.30, for a total value of $37,330.20.
• On Thursday, July 31st, Eagle Point Credit Management sold 13,008 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.30, for a total value of $290,078.40.
• On Wednesday, July 30th, Eagle Point Credit Management sold 1,727 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.20, for a total value of $38,339.40.
• On Wednesday, July 23rd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.32, for a total value of $2,232.00.

ACRES Commercial Realty Price Performance

ACR traded up $0.03 on Tuesday, reaching $21.03. The stock had a trading volume of 21,549 shares, compared to its average volume of 38,071. ACRES Commercial Realty Corp. has a fifty-two week low of $14.87 and a fifty-two week high of $23.81. The firm has a 50-day moving average of $19.02 and a 200-day moving average of $19.20. The company has a current ratio of 69.53, a quick ratio of 69.53 and a debt-to-equity ratio of 3.01. The company has a market capitalization of $156.25 million, a price-to-earnings ratio of -1,050.97 and a beta of 1.82.

Institutional Investors Weigh In On ACRES Commercial Realty

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Nokomis Capital L.L.C. increased its stake in shares of ACRES Commercial Realty by 1.1% in the fourth quarter. Nokomis Capital L.L.C. now owns 264,597 shares of the company's stock valued at $4,273,000 after buying an additional 2,889 shares during the period. Acadian Asset Management LLC grew its stake in ACRES Commercial Realty by 16.8% during the second quarter. Acadian Asset Management LLC now owns 182,679 shares of the company's stock worth $3,272,000 after purchasing an additional 26,226 shares during the period. Geode Capital Management LLC grew its stake in ACRES Commercial Realty by 125.1% during the second quarter. Geode Capital Management LLC now owns 137,996 shares of the company's stock worth $2,476,000 after purchasing an additional 76,688 shares during the period. Gratia Capital LLC grew its stake in ACRES Commercial Realty by 64.3% in the second quarter. Gratia Capital LLC now owns 125,994 shares of the company's stock valued at $2,260,000 after acquiring an additional 49,312 shares during the period. Finally, Raymond James Financial Inc. grew its stake in ACRES Commercial Realty by 60.6% in the second quarter. Raymond James Financial Inc. now owns 78,150 shares of the company's stock valued at $1,402,000 after acquiring an additional 29,503 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

ACRES Commercial Realty Company Profile

ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and equity investments in commercial real estate property in the United States. It invests in commercial real estate-related assets, including floating-rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine financing, preferred equity investments, and commercial mortgage-backed securities.

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